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European & U.S. Market Outlook

Tuesday, 26 Jul 2011 | 6:10 AM ET

A check on the European markets, which are not really unstable at this point, says Kevin Ferry, Cronus Futures Management, who also weighs in on the debt ceiling talks, calling buying Treasurys now as a "flight to mediocrity," as opposed to a flight to safety. The markets are in a very nervous situation and uneasy instability, he continues.